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Sheraton Uptown, Albuquerque, NM, USA
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Saturday, April 22 • 8:00am - 9:00am
108-Best of Both Worlds: Which DB and DC Characteristics Account for Faculty’s Plan Satisfaction?

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Guided by Lancaster’s (1966) Theory of Characteristics Demand, this research hypothesized that certain characteristics (portability, security, etc.) are related to faculty retirement plan satisfaction. A convenience survey asked of 275 respondents their perceived values of Teacher’s Retirement System (TRS) and the Optional Retirement Plan (ORP), information about their demographics, and their satisfaction with their plan. TRS-enrollees expressed greater satisfaction with their current account balance than ORP users. ORP-enrollees most valued the portability of their plan. Sixty-eight percent of TRS users stated that they would not switch plans even if they were allowed to as compared to 33% of ORP users. These results can help institutions looking to implement hybrid plans in determining which characteristics provide enrollees the greatest utility.

Speakers & Presenters
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Heidi H. Ewen

Assistant Professor, University of Georgia
avatar for Jessica M. Parks

Jessica M. Parks

PhD Student, Consumer Economics, University of Georgia
Hello! My name is Jessica Parks and I am a PhD student at the University of Georgia. My poster is about how UGA Faculty make a choice between the State's Defined Benefit plan or the Optional Retirement Plan (Defined Contribution plan). I am looking for ways to expand this resear... Read More →
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Michael P. Ryan

Associate Professor, University of North Georgia


Saturday April 22, 2017 8:00am - 9:00am
Galleria

Attendees (1)